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Analysis

13.8 Billion Worth of BTC Options Expire Today

According to cryptocurrency options exchange Deribit, $13.8 billion worth of Bitcoin options will expire at 17:00 UTC on May 3. The put/call ratio is 0.49 and the max pain (the price at which the most option buyers lose premium) is $61,000. At the same time, $9.9 billion worth of Ethereum options...

13.8 Billion Worth of BTC Options Expire Today

According to cryptocurrency options exchange Deribit, $13.8 billion worth of Bitcoin options will expire at 17:00 UTC on May 3. The put/call ratio is 0.49 and the max pain (the price at which the most option buyers lose premium) is $61,000. At the same time, $9.9 billion worth of Ethereum options expire. The put/call ratio is 0.36 and the max pain price is $3,000.

Adam, an analyst at crypto options trading toolkit Griggs.live, told X: “The weakness in the market has reduced the implied volatility (IV) of all expirations, and the current levels are a good place to buy. However, if we don't see a rebound from the current range, the downtrend will continue.” “The launch of crypto spot ETFs in Hong Kong failed to drive volume growth, while outflows continued in the US Bitcoin spot ETF.”

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